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The Travelers Insurance Company was founded in Hartford by James G. Batterson, a stone contractor [12] who became aware for the first time of accident insurance for travelers (i.e., an early form of travel insurance) while traveling in England in 1859 from Leamington to London. [13]
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Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
Travelers Insurance is the latest coverage provider that has either increased its rates or limited its policy offering, further straining the availability of policies in California.
In 1992, he paid $722 million to buy a 27% share of Travelers Insurance, which had gotten into trouble because of bad real estate investments. In 1993, he reacquired his old Shearson brokerage (now Shearson Lehman ) from American Express for $1.2 billion.
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